March saw another month of low hiring and job seeking in the City. Jobs available were down 14% month-on-month and 37% year-on-year. Job seekers were down 22% month-on-month and by 44% year-on-year.
With employers not being certain about their medium-term plans and bonus season just around the corner, professionals are hesitant to move roles.
Following an expected surge in activity, after the seasonal lull of the Christmas period, January saw significant month-on-month increases in jobs available and job seeker figures, with both rising by over 80%.
Jobs available see a dramatic fall for December 2017, with a decrease of 52% month-on-month and 37% year-on-year.
Jobs available see a 5% increase month-on-month but a 3% decrease year-on-year.
Jobs available are down 14% month-on-month and 20% year-on-year. Given the underlying health of the economy, Brexit looks to be the main culprit for the job market attrition.
uncertainty surrounding the terms of Brexit threatens to stymie meaningful growth in the market.
“Normally the City clocks out for July, but with the industry being swept from under them, people are scrambling to make the most of the time left in the EU".
Morgan McKinley London Employment Monitor July 2017.